Friday, March 8, 2024
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Atom bank increases maximum LTV on large commercial mortgages
Landbay adds to like-for-like buy-to-let range
Playter launches custom invoice finance solution with £8m facility
Atom bank has announced a reduction of 0.30% in its variable rate commercial mortgage offerings. This adjustment sees starting rates now from 2.12% above the base rate for loans with a 45% loan-to-value (LTV) ratio.
The revised rate structure benefits trading businesses and property investment ventures, with rates tailored based on LTV ratios, notably at 60% and 50% LTV. These competitive rates are applicable immediately, showcasing Atom bank's commitment to affordability in commercial financing.
Tom Renwick, head of business lending, highlighted the lender’s focus on competitive pricing and technological advancements in the lending process, aiming to meet the dynamic needs of brokers and their business clients.
Call Trinity Specialist Finance to secure funding for a development on 020 7016 6151 or book a consultation
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